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The Chicago Board Options Exchange Market Volatility Index (the “VIX”) is one of the most widely followed barometers of the market’s mood. The VIX is an index which measures the implied volatility of S&P500 index options and gives a projection of expected volatility among US stocks over the next 30 day period. As a rule of thumb, when the VIX is low investors are meant to be confident (complacent?) and when it is high they are meant to be fearful. On Monday the VIX closed at its lowest mark since February 2007 (at 10.73), but what does this suggest about the next direction markets might take?
I am busy gemming up on Quindell Property Services (QPS) ahead of the AGM of Quindell (QPP) which I am going to next week. I expect to be lynched by BB Morons and will update my will over the weekend. I am sorry to be a pedant and you may regard this as trivial but there appear to be some jolly interesting things about this deal. This may take several articles to explain fully but let’s start with what is the bulk of QPS, that is the 360globalnet business, 360GN.
Following the most recent profit warning and share price decline from ASOS plc (ASC), a number of brokers have updated with a positive stance on the shares. Are the City community right now having also largely been positive at much higher prices previously (see HERE)? Er...
I tipped this stock on my Nifty Fifty website at a 4p offer in November 2012 and so it has been a good share tip. The stock was trading at c9p before a stock overhang saw a recent sell-off but astute fund manager Hargreave Hale seems to have cleared that and I reckon that the shares will now head North at a fair old rate towards 12p. Here’s why.
I have two very important questions for whoever writes Getech Group’s (GTC) RNS announcements. What are you smoking? May I have some please? In what has been a calamitous six months for Getech, it still clings onto its faith in the strength of demand for its services and “high levels of interest and positive feedback on its major product, Globe”. Unfortunately for the company and its poor shareholders none of this has translated into sales and the stock has tanked. Today’s latest profits warning needs to be read to be believed; talk about making the best of a bad situation!
If you have a spare one hour and 49 minutes and want to listen to a comedian spouting total bullshit we are here to help with the assistance of wee Brian “It’s The Way I tell ‘em” McDonnell the man in charge of the POS joke GXG listed company US Oil & Gas (USOP). Before you listen remember:
Yesterday, shareholders in New World Oil & Gas (NEW) were treated to yet another excuse for inactivity in Denmark (whoops, sorry, I meant “extension to the licenses”). But fear not, those extremely generous director salaries are still being paid, so it won’t be long now before CEO William Kelleher and the two Sztyks have repaid the $1million in loans they took out from the company, to pay for their participation in March 2013’s controversial placement. What a carry on! However, there is one easy, easy question this board can answer. On what basis does it claim that its proposed deal with Al-Maraam will enable New World to “participate in drilling and production in Kuwait and marketing of crude oil abroad”?
Concha (CHA) is quite possibly the biggest ramp on AIM. I Know that my pal Nigel Wray owns 10% but, sorry mate, the current valuation is just ludicrous.
The long running farce that is GXG listed US Oil & Gas (USOP) is a gift that keeps on giving and at the centre of it all is the greatest Irish comic genius since Dave Allen, CEO wee Brian McDonnell. “It’s the way I tell ‘em.” No that was Frank Carson but wee Brian might use that line too.
It looks as if the share price of Drax (DRX) - one of our big electrical energy power suppliers - has reached its three year trend support line. Indeed bounced off it just above 600p. The share price, having had its little bounce, is now 632p last seen. What fundamental grounds exist to support belief in that technical position?
Earlier today one of the deputy Sheriffs of AIM, Comrade Somerville, flagged up massive issues with the CVA agreed by Digital Learning Marketplace (DLM), now Alpha Returns (ARGP) under the watch of Angus Forrest and Bruce Leith, the two men now running Tern PLC (TERN), into the ground. But Deputy Somerville misses out a couple of points which just add to the scandal which, in a just world, would mean Forrest & Leith swinging on a corporate noose this week.
It is probably a good thing that England’s World Cup games are in a completely different time zone; otherwise already poor trading volumes are likely to become worse than negligible. With the FTSE100 putting a little bit more clear air between itself and the 6,800 point resistance level the easy conclusion for the stock market watcher is to catch a few of the intermittent sun rays and a lot of the ‘summer of sport’.
For the AIM casino to work, allowing investors to trust PLCs to tell the truth, every statement they issue in an RNS must be verified by the company’s Nominated Advisor (Nomad). Nomads like Roland “Fatty” Cornish of Beaumont Cornish are paid fat fees for doing this work. If they fail to verify an RNS so that a company lies to investors they should be censured by AIM regulation and, in an ideal wold, prevented from acting as Nomad in future. In that vein I have now issued a third request to the AIM Team to investigate Beaumont Cornish and Fatty in particular regarding lies told in 2012 by Digital Learning Marketplace.
I think that global warming a giant hoax. The world has been getting cooler for almost two decades and there is absolutely no correlation between the level of man-made carbon emissions and global temperature. But to humour the climate change freaks and carbon trading crooks for a second I bring you, c/o one of the City’s smarter brokers, news of a Japanese Study that explains who is to blame…cows.
I have already revealed enough in my first five articles in this series to get regulators crawling all over the mess that was Digital Learning Marketplace (DLM) run by Angus Forrest and Bruce Leith. Tom Winnifrith has taken the matter further and it is now clear that Tern PLC (TERN) must sack both Forest & Leith without any delay. The fact that it has not and that its City Fat Cat advisors (WH Ireland and Peterhouse) will not step in just shows how the Cesspit that is AIM stinks. I now turn to the CVA where Forest & Leith committed corporate malfeasance and issued false RNS statements.
This morning, Falkland Islands Holdings (FKL) delivered a robust set of results. The market has responded fairly positively, with the share trading up 10.5p at 363p, last seen. This builds on a successful few months for the company, as its stock has risen nearly 20% since the start of April. How much scope there is for further gains in the near term is questionable, but as a long term buy and hold, on the basis of further commercial oil and gas finds in the Falklands, this has to be a stock well worth looking at.
Investors in gold stocks have taken a monumental beating for almost three years. As such the IPO of Hunter Resources (planned for July 1) on AIM merits a brief comment.
As ever I start my day reading the excellent column of my old pal Malcolm Stacey, the grandfather of share blogging. But today I was spluttering into my cornflakes as I read his words. Has my old pal become infected with “deluded lefty disease”? Please tell me it is not true or that it if it is you will spend a weekend at the Richard Poulden libertarian boot camp with Ms Argyle (pictured as she is better looking than Comrade Poulden), Matthew Sutcliffe and Dominic Frisby seeking urgent therapy.
After the recent big rises on Leni Gas and Oil (LGO), banking at least some profit looks to be the sensible move. When you consider that the share price was a little over 0.7p as recently as April and has now risen to close to 4p, adding nearly £75 million to the company’s market cap, this one looks a little on the ripe side.
The timing of this piece probably could be better. However, after last week’s revelation, about the 100million Citation shares held as collateral against the Platinum Partners loans, it surely must now fall on the AIM Investigations Team to examine the conduct of Range Resources (RRL) and its former Nomad, RFC Ambrian, over this matter. Irrespective of how the share price has performed over the last week or so, it appears that a material breach of the AIM rules has occurred. Range appears to have admitted this, so how will the London Stock Exchange respond?
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